Table 8.
Industry distribution of the sample used in this study
| N of exits | |||||
|---|---|---|---|---|---|
| Industry | N of obs. | N of firms | Bankruptcy | Merger | Voluntary liquidation |
| Food, beverage, and feed | 2952 | 528 | 25 | 14 | 23 |
| Textiles | 212 | 39 | 0 | 2 | 1 |
| Apparel | 555 | 101 | 4 | 4 | 4 |
| Lumber and wood products | 458 | 78 | 4 | 4 | 1 |
| Furniture and product | 354 | 64 | 3 | 3 | 2 |
| Pulp, paper, and paper products | 244 | 39 | 0 | 0 | 1 |
| Publishing and printing | 1419 | 249 | 17 | 15 | 7 |
| Chemicals | 701 | 122 | 4 | 11 | 6 |
| Petroleum and coal products | 73 | 12 | 1 | 1 | 1 |
| Rubber products | 194 | 30 | 1 | 0 | 0 |
| Leather, leather products, and fur skins | 163 | 30 | 3 | 0 | 0 |
| Ceramic, stone, and clay products | 807 | 131 | 4 | 7 | 5 |
| Steel and non-ferrous metals | 475 | 80 | 3 | 7 | 2 |
| Fabricated metals | 1916 | 338 | 9 | 7 | 14 |
| General machinery | 3293 | 563 | 27 | 13 | 23 |
| Electrical machinery | 1921 | 320 | 15 | 9 | 19 |
| Transportation machinery | 526 | 89 | 2 | 2 | 4 |
| Precision machinery | 500 | 84 | 8 | 2 | 3 |
| Miscellaneous manufacturing | 2038 | 349 | 13 | 8 | 14 |
| Information services (software) | 12,599 | 2,024 | 74 | 69 | 99 |
| Total | 31,400 | 5,270 | 217 | 178 | 229 |